Continental AG (OTCMKTS:CTTAY) Receives $50.00 Average PT from Analysts
Shares of Continental AG (OTCMKTS:CTTAY) have received an average rating of “Buy” from the eleven brokerages that are currently covering the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $50.00.
CTTAY has been the subject of a number of analyst reports. Morgan Stanley reissued a “buy” rating on shares of Continental AG in a research report on Friday, June 10th. DZ Bank AG reissued a “buy” rating on shares of Continental AG in a research report on Monday, June 20th. Goldman Sachs Group Inc. cut shares of Continental AG from a “buy” rating to a “neutral” rating in a research report on Monday, June 27th. Barclays PLC raised shares of Continental AG from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Continental AG in a research report on Monday, September 12th.
Continental AG (OTCMKTS:CTTAY) opened at 42.34 on Friday. Continental AG has a 52 week low of $36.29 and a 52 week high of $49.75. The stock’s 50 day moving average is $42.70 and its 200 day moving average is $42.15. The stock has a market cap of $42.34 billion, a PE ratio of 12.94 and a beta of 1.97.
Continental AG Company Profile
Continental AG is an automotive supplier. The Company’s segments include Chassis & Safety, Powertrain, Interior, Tires, ContiTech and Other/consolidation. The Chassis & Safety division develops, produces and markets intelligent systems. The Chassis & Safety division consists of four business units: Vehicle Dynamics, Hydraulic Brake Systems, Passive Safety & Sensorics, and Advanced Driver Assistance Systems.
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